Asset Management
This article from Murphy Oil outlines a modernization effort that resulted in increased scenario simulation capacity by five to 10 times.
The transaction is expected to strengthen the company's position in Alberta’s oil sands and unlock annual synergies of $54 million.
The transition away from materials that contain per- and polyfluoroalkyl substances (PFAS), co-called forever chemicals, creates an opportunity to preserve historical information. Information that appears to have little operational value today may later become important when organizations need to evaluate past PFAS use. Once that information is lost, recreating it may…
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The world’s developing countries will lead economic growth and consume an increasing share of energy production globally over the next quarter-century. -
Iran’s national oil company is offering investment opportunities in 50 fields to global bidders, its first effort to do so since the 2015 pact with world powers that lifted nuclear-related sanctions against the country.
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In order to meet short- and medium-term expansion goals as well as ensure a sustainable long-term future, an operator has recently embarked on several greenfield and brownfield developments. These involve several megaprojects running in parallel with different teams.
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In this first of a two-part series, the author describes why the use of lump sum contracts for FEED services contract followed by an EPC contract does not fulfil the requirements to lower oil and gas facilities capex.
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This week the US Geological Survey (USGS) reported that the Wolfcamp shale holds 20 billion bbl of technically recoverable oil. This builds on other active formations in the Permian Basin, where nearly half of US active rigs are operating.
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The US Energy Information Administration argues "downturn" may no longer be the right term.
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Since the recent oil price downturn, the offshore MMO market has witnessed a significant decline in global expenditure. The most severe decline in total regional expenditure is anticipated to occur in North America, with modifications expenditure forecast to drop by 56% between 2014 and 2016.
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The five top offshore producing nations produce 43% of all the oil offshore.
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SPE Production and Facilities Technical Director Hisham Saadawi shares the discussion from the annual ATCE PFC dinner panel on the topic “Integration Between Facilities and Subsurface Engineers: Crucial in an Era of Low Price Oil.”
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Reducing the complexity and controlling the cost of major offshore projects are together one of the biggest challenges facing the oil and gas industry.
